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In 2018, real GDP growth for Armenia was 5 %. Though Armenia real GDP growth fluctuated substantially in recent years, it tended to decrease through 1999 - 2018 period ending at 5 % in 2018.The description is composed by our digital data assistant.
Annual percentage growth rate of GDP at market prices based on constant local currency. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.